Precious metals

Has Palladium Suddenly Become the Most Precious Metal

Retrieved on: 
Tuesday, August 18, 2020
Chemical elements, Chemistry, Physical sciences, Precious metals, Native element minerals, Noble metals, Transition metals, Palladium, Silver, Gold, Ounce, Metal

Recent articles in various news outlets, are almost uniform in their projections, for example in a recent Washington Post article: "Why Palladium Is Suddenly a More Precious Metal" while Bloomberg, opined : "Why Palladium Is Suddenly the Most Precious Metal".

Key Points: 
  • Recent articles in various news outlets, are almost uniform in their projections, for example in a recent Washington Post article: "Why Palladium Is Suddenly a More Precious Metal" while Bloomberg, opined : "Why Palladium Is Suddenly the Most Precious Metal".
  • Even gold was left in its wake as palladium surpassed the yellow metal a year ago for the first time in 16 years and never looked back.
  • The palladium price hit a record high near the US$2,000 per ounce mark at the end of December (2019).
  • The Washington Post and Bloomberg reports added: "Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to fresh records.

Has Palladium Suddenly Become the Most Precious Metal

Retrieved on: 
Tuesday, August 18, 2020
Chemical elements, Chemistry, Physical sciences, Precious metals, Native element minerals, Noble metals, Transition metals, Palladium, Silver, Gold, Ounce, Metal

Recent articles in various news outlets, are almost uniform in their projections, for example in a recent Washington Post article: "Why Palladium Is Suddenly a More Precious Metal" while Bloomberg, opined : "Why Palladium Is Suddenly the Most Precious Metal".

Key Points: 
  • Recent articles in various news outlets, are almost uniform in their projections, for example in a recent Washington Post article: "Why Palladium Is Suddenly a More Precious Metal" while Bloomberg, opined : "Why Palladium Is Suddenly the Most Precious Metal".
  • Even gold was left in its wake as palladium surpassed the yellow metal a year ago for the first time in 16 years and never looked back.
  • The palladium price hit a record high near the US$2,000 per ounce mark at the end of December (2019).
  • The Washington Post and Bloomberg reports added: "Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to fresh records.

Canadian GoldCamps Announces Appointment of Alex Terentiew as Chief Executive Officer and David Garofalo to the Board of Directors

Retrieved on: 
Friday, August 14, 2020
Finance, Money, Economy, Investment, Precious metals, Stock market, Investors, Gold

I am thrilled to be joining Canadian GoldCamps and given the opportunity to lead this company on its new path, stated Alex Terentiew.

Key Points: 
  • I am thrilled to be joining Canadian GoldCamps and given the opportunity to lead this company on its new path, stated Alex Terentiew.
  • David Garofalo commented, With gold prices hitting record highs and increasing investor demand for attractive new investment opportunities in the gold industry, I am delighted to join the Board of Canadian GoldCamps and help guide the Company forward.
  • Working alongside someone of Alexs caliber, I am confident we will develop the team and asset base to make the Company a success.
  • Alex Terentiew brings both capital markets and mining corporate experience to the Company, most recently serving as the SVP Corporate Development and Investor Relations at Trevali Mining.

Iridium Technology Reports Record-Breaking First Half

Retrieved on: 
Thursday, August 13, 2020
Physical sciences, Chemistry, Atoms, Satellite telephony, Precious metals, Iridium satellite constellation, Iridium, Business intelligence

The strong revenue results were reflected across all three of the company's product families: Iridium BI, Intellistat, and Steere.

Key Points: 
  • The strong revenue results were reflected across all three of the company's product families: Iridium BI, Intellistat, and Steere.
  • They require a steely-eyed focus on key metrics and the ability to see changes in their financial situation daily," says Tom Jones, Chief Executive Officer of Iridium Technology.
  • Following the merger with Data Fusion Technologies in February, the Iridium business intelligence and financial analytics suite now consists of three product families: Iridium BI, Intellistat, and Steere.
  • Iridium Technology is a global firm specifically focused on business intelligence, profitability, and financial management for legal and professional services firms.

Gold Prices Climb to All Time High - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 13, 2020
Professional services, Natural Resources, Other Natural Resources, Finance, Money, Economy, Finance, Inflation, Interest rates, Real interest rate, Bond, United States dollar, Precious metals, Economic history of Japan, Monetary policy, Gold standard

Gold prices recently rose to an all time high of over $2000 per ounce as a result of uncertainty about global economic recovery combined with lowered interest rates and a weakening US dollar.

Key Points: 
  • Gold prices recently rose to an all time high of over $2000 per ounce as a result of uncertainty about global economic recovery combined with lowered interest rates and a weakening US dollar.
  • Gold prices had been on the rise since March as real interest rates began to fall to below zero leading to diminished returns on bonds.
  • Lowered interest rates have reduced the opportunity cost of holding gold which has helped to fuel interest among investors looking to diversify their portfolios.
  • Analysts predict that gold prices could continue to rise if the US dollar continues to weaken and could even climb as high as $3000 per ounce.

UP Alliance Launches Digital Token Backed by Government-guaranteed Gold (UPXAU)

Retrieved on: 
Thursday, August 13, 2020
Professional services, Technology, Mobile, Wireless, Finance, Software, Internet, Chemical elements, Chemistry, Physical sciences, Precious metals, Debit card, Token, Gold as an investment, Gold, Perth Mint, GoldPass®, InfiniGold

GoldPass is the only physical gold offering in the world that is underpinned by government-guaranteed gold, carries no storage costs and is physically redeemable, said Dan Schatt, Chairman of the UP Alliance.

Key Points: 
  • GoldPass is the only physical gold offering in the world that is underpinned by government-guaranteed gold, carries no storage costs and is physically redeemable, said Dan Schatt, Chairman of the UP Alliance.
  • When you combine this with all that the UP Alliance can provide including transparent value substantiation, digital portability, and debit card spendability, this delivers a mainstream solution that gold investors have been waiting for.
  • Soon, users will be able to redeem UPXAU for physical bars of gold when staking the Universal Protocol Token (UPT), a utility token issued by the UP Alliance and available on Bittrex Global and Uphold.
  • For more information please visit: https://www.perthmint.com/
    GoldPass is a full-service gold investment app that allows users to securely buy, store and transfer physical gold via digital certificates.

Imperial Reports Second Quarter 2020 Financial Results

Retrieved on: 
Thursday, August 13, 2020
Ounce, S&P/TSX 60 Index, Measurement, Precious metals, Economy of Canada

VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the Company) (TSX:III) reports financial results for the three and six months ended June 30, 2020, as summarized in this release and discussed in detail in the Managements Discussion & Analysis.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the Company) (TSX:III) reports financial results for the three and six months ended June 30, 2020, as summarized in this release and discussed in detail in the Managements Discussion & Analysis.
  • LBMA cash settlement gold price per troy ounce averaged US$1,711 in the June 2020 quarter compared to US$1,310 in the 2019 comparative quarter.
  • Cash flow was $16.4 million in the June 2020 quarter compared to $0.2 million in the 2019 comparative quarter.
  • Red Chris metal production for the second quarter of 2020 was 26.5 million pounds copper and 22,057 ounces gold, up from 22.5 million pounds copper and 17,427 ounces gold in the first quarter of 2020.

Itronics Reports 200 Percent Increase In Year-to-date Silver Bullion Sales

Retrieved on: 
Wednesday, August 12, 2020
Chemical elements, Chemistry, Physical sciences, Precious metals, Electrical conductors, Noble metals, Transition metals, Bullion, Silver, Gold, Fertilizer

Silver sales include revenues from gold and copper recovered from e-scrap (printed circuit boards) using the Company's proprietary breakthrough e-scrap refining process which is now producing bullion on a regular basis.

Key Points: 
  • Silver sales include revenues from gold and copper recovered from e-scrap (printed circuit boards) using the Company's proprietary breakthrough e-scrap refining process which is now producing bullion on a regular basis.
  • Once Itronics' process is complete, the reclaimed metals then become ingredients in the company's bullion.
  • In terms of operations, the new process is a glass manufacturing operation that produces silver bullion as a by-product.
  • Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Clean Technology" Company which produces GOLD'n GRO Multi-Nutrient liquid fertilizers, silver bullion, and silver-bearing glass.

Sunstock, Inc. CEO Forecasts Rapid Growth from Silver Sales

Retrieved on: 
Tuesday, August 11, 2020
Chemical elements, Chemistry, Physical sciences, Precious metals, Security, Silver, Silver as an investment, Oz

Jason Cong continued, As the price of the metals continues to rise we realize our customers are acquiring more.

Key Points: 
  • Jason Cong continued, As the price of the metals continues to rise we realize our customers are acquiring more.
  • We feel as though if the price of silver stays above $30 per OZ the company will continue to see higher revenue and a higher profit margin."
  • Back in 2011 the high for gold was around $2,000 per OZ and silver was around $50 per OZ.
  • If silver continues to go up like we expect, there is a very good chance the Company can easily double the revenue this year compare to 2019.

Contact Gold Announces Pricing of Public Offering of Units for up to C$15,000,000

Retrieved on: 
Monday, August 10, 2020
Physical sciences, Chemistry, Atoms, Precious metals, Gold, CGOL, OTC Markets Group, Nevada, Carlin

VANCOUVER, BC, Aug. 10, 2020 /PRNewswire/ - Contact Gold Corp. (the "Company" or "Contact Gold") (TSXV: C)and (OTCQB: CGOL), is pleased to announce that it has agreed to offer its previously announced public offering of units of the Company ("Units") at a price of C$0.20per Unit(the "Offering Price") for aggregate gross proceeds of up to C$15,000,000(the "Offering").

Key Points: 
  • VANCOUVER, BC, Aug. 10, 2020 /PRNewswire/ - Contact Gold Corp. (the "Company" or "Contact Gold") (TSXV: C)and (OTCQB: CGOL), is pleased to announce that it has agreed to offer its previously announced public offering of units of the Company ("Units") at a price of C$0.20per Unit(the "Offering Price") for aggregate gross proceeds of up to C$15,000,000(the "Offering").
  • The Prospectus Supplement and the Offering Statement are still subject to completion or amendment.
  • Contact Gold is an exploration company focused on producing district scale gold discoveries in Nevada.
  • Contact Gold's extensive land holdings are on the prolific Carlin, Independence and Northern Nevada Rift gold trends which host numerous gold deposits and mines.